While stocks appear to have regained their footing this morning, not to mention upward momentum, the big quandary in markets remain not stocks but bonds, which refuse to validate a stronger growth narrative just one day before the Fed is set to hike rates for the second time this year. In fact, despite a recent record short squeeze in rates, with net specs recently turning bullish on the TSY complex…
This post was published at Zero Hedge on Jun 13, 2017.
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